Connors Investor Services Inc. Invests $244,000 in Apogee Enterprises, Inc. $APOG

Connors Investor Services Inc. purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,000 shares of the industrial products company’s stock, valued at approximately $244,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new position in Apogee Enterprises during the 1st quarter worth approximately $44,000. Quarry LP grew its stake in Apogee Enterprises by 3,991.1% during the 1st quarter. Quarry LP now owns 1,841 shares of the industrial products company’s stock worth $85,000 after buying an additional 1,796 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in Apogee Enterprises during the 2nd quarter worth approximately $86,000. CWM LLC grew its stake in Apogee Enterprises by 98.1% during the 2nd quarter. CWM LLC now owns 2,451 shares of the industrial products company’s stock worth $100,000 after buying an additional 1,214 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in Apogee Enterprises by 8.5% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 5,026 shares of the industrial products company’s stock worth $204,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

APOG stock opened at $38.45 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. Apogee Enterprises, Inc. has a 12-month low of $37.25 and a 12-month high of $87.93. The stock has a 50-day moving average price of $42.58 and a two-hundred day moving average price of $41.87. The company has a market cap of $827.06 million, a PE ratio of 18.85 and a beta of 1.06.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, October 9th. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.84 by $0.14. Apogee Enterprises had a return on equity of 15.76% and a net margin of 3.19%.The business had revenue of $358.19 million for the quarter, compared to analysts’ expectations of $350.91 million. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Wednesday, October 29th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $1.04 annualized dividend and a dividend yield of 2.7%. Apogee Enterprises’s payout ratio is 50.98%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on APOG shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Apogee Enterprises in a research note on Wednesday, October 8th. DA Davidson decreased their price target on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 1st. Finally, Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.00.

Apogee Enterprises Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).